Reis Inc. v. ATCO Properties


Patterson Belknap Webb & Tyler LLP advised Reis on the case

The New York Supreme Court denied a motion to dismiss in favor of REIS Inc. The company filed a complaint against ATCO, a commercial real estate operating company, alleging fraud and breach of contract for unauthorized usage of our client’s proprietary database. In the decision, the court denied ATCO’s motion to dismiss in its entirety, and agreed that ATCO’s alleged conduct “makes out the necessary egregious conduct necessary to sustain a claim for punitive damages at this stage of the pleadings.”

Reis, Inc. offers real estate information over the Internet. The Company provides information on apartment, office, retail, warehouse and distribution, self storage, and seniors housing properties. The company, led by Lloyd Lynford, William Sander and Jonathan Garfield, is based in New York.

Patterson Belknap Webb & Tyler LLP advised with a team including Jacob F. Siegel, Aron Fischer and Geoffrey Potter (Picture).

Involved fees earner: Geoffrey Potter – Patterson Belknap; Aron Fischer – Patterson Belknap; Jacob Siegel – Patterson Belknap;

Law Firms: Patterson Belknap;

Clients: Reis, Inc.;